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jetting off to an eight-day vacation on martha's vineyard president obama took volley of questions from a white house press corps feeling neglected the past several months. the topics varied but the president had a message to get out about government surveillance. here a chief white house correspondent ed hen prip. >> afternoon, everybody. these have a seat. >> reporter: president obama used his first full-scale news conference in over three months to try and get out in front of the nsa surveillance controversy he was on his heels over a range of national security issues from his prickly relationship with russia to terror threats from al qaeda and why he still hasn't brought the benghazi killers to justice. >> i also said we'd get bin laden and didn't get him in 11 months. so we have informed, i think, the public there's a sealed indictment. >> reporter: the president was referring to the fact that u.s. officials earlier this week revealed the justice department filed its first criminal charges against an unknown number of people believed to be involved in benghazi, which the president
and a few others really know, but well-informed person on team obama this a.m. pegs summer's chances for fed chair as 2-3. what more can you tell us? >> a few things. we can't emphasize that this is a very closely held thing. so, the people that we're talking to, me and the other people covering this are those who are reading tea leaves, talking to their friends, picking up shards of information. we don't know. we're getting near the finish line. there's a campaign by liberals in the senate, especially, to press for janet yellen. they want to have the first woman fed chair. they don't like the fact that larry summers said some things that people thought were insulting to women when he was the president of harvard. they don't like his management style, the fact that he supported bank deregulation in the clinton administration. but larry summers seems to be the favorite of the white house staff despite all of those things. the question is, is he going to be the favorite of president obama and as i mentioned today, that this source said two in three chance of summers, another source i talked to
you back here tomorrow. lou: good evening, thank you for being with us, obama administration continued roll back of "law & order," sends attorney general eric holder to reveal latest initiative to cut prosecution of person drug crimes to withhold information and certain prosecutions about amounts of drugs involved in the crime. to reduce prison sentences in some cases. and to free some particularly alderly inmates not -- elderly inmates, not convicted of violent crimes for humanitarian reasons, administration acting to reduce drug crime sentences, obama white house ordered federal prosecutors to revamp statutes to help shield certain drug offensers from the mandatory sentences without congressional approval, here is attorney general holder today speaking before the american bar association. >> i have to today mandated a modification of the justice department charges policy so certain low-level, nonviolent drug aend toers wits offensers o drug cartels or gangs. lou: how will our attorney general fine drug offenders who use drugs that have not beenn@ provided by as he put it large scale
crime sentences, obama white house ordered federal prosecutors to revmp statut to help shield certain drug offensers from the mandatory sentences without congressional approval, here is attorney general holder today speaking before the american bar association. >> i have to today mandated a modifition of the justice department charges policy so certain low-level, nonviolent drug aend toers wits offensers o drug cartels or gangs. lou: how will our attorney general fine drug offenders who use drugs that have not beenn@ provided by as he put it large scale organizations, gangs and cartels. does not their useie them to those trial organizations and enterprises? this administration displaying in some cases utter disregard for legislative process with which to changeaw, last month president suspended mandate portion of his signature healthcare l, and defied congress, and dared congress to stop him, say, i'm not concerned about their opinions, very few of them by the way are lawyers much less constitutiol lawyers issu as i noted them a third of the house are lyerslmost half in the senate. bu
joining us. have a great night. >> good evening thank you for being with us president obama and italy's policies are no more coherent united to and a half years ago when he insisted on an mubarak departure from power there clear lack of policy led to his overthrow the muslim brotherhood ascension to power in now and the secular military removal of the egyptian military removal of mohammad morsi and now the deadly clash between security forces and morsi supporters. the white house again today refused to make knowledge whether they will continue to send a to the egyptian government and military that has reportedly killed hundreds of morsi demonstrators since last week but those questions that play in the muslim brotherhood for the torching , looting and destruction with those churches and josh ernest told the white house press corps today that a decision on aid to egypt has been set aside to contrast the white house position at two years ago when mubarak was in power president obama himself for in the end to cut off a billion and a half dollars of aid if his government did not
. jurors had the option to make him eligible for parole after 20 years. >>> up next, president obama sends a message about what he is not willing to do in syria. >>> here's what some of our fox affiliates around the country are covering tonight. wsvn in south florida shows us how a sailboat and bridge got up close and personal in ft. lauderdale. wnyw in new york asks if the concept of water has a future in the big apple. water. really? and elsewhere. a live look at boston from fox 25. the latest on former football star aaron hernandez murder case. the suspect's cousin was in court today on a criminal contempt charge. that's tonight's live look outside of the beltway from "special report." we'll be right back. i think she tried to kill us. [ sighs ] are you kidding me? no, it's only 15 calories. [ male announcer ] with reddi wip, fruit never sounded more delicious. mmm. [ male announcer ] with 15 calories per serving and real cream, the sound of reddi wip is the sound of joy. [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not
. see you next time. >>> in a remarkable and shocking about-face, president obama proposed a complete overhaul of our surveillance policies. this after defending them for months. all in response, i think, to nsa leaker edward snowden. the president also took time to bash republicans for threatening to shut the government down over obama care, a threat by the way that no leadership republican has actually ever made. and stock markets took it on the chin with their first down week since june. the dow was down 233 points overall for the week but consumer credit ratios are the best in 33 years. china is stabilizing. and even europe is looking up. and coming back home, why is it that hollywood celebrities continue to rampage against natural gas fracking. the evidence proves they are wrong. and they are costing blue collar jobs especially in new york and california and do we really need this socialist 101 movie that's coming out tonight? i guarantee you it bombs. all those stories and much more live coming up on "the kudlow report" beginning right now. >>> good evening everyone i'm larry ku
'll like this. another hit for obama care, the government bean counters say that young people are not going to get insurance so healthy 20-somethings won't bail out the old and the sick and we are now precisely two months from day one of those obama care exchanges. isn't that ready? we are. "varney & company" is about to begin. and 900 million dollars are chananging hands online. that's why the internet needs a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's time to build a better enterprise. together. bounce is great because the freshness lasts for weeks in the drawer. why can't everything stafresh that long? [ male announcer ] how do you get your bounce? [ man ] lasting freshness. >> i've got headlines for you from apple this morning. and the journal reports a new ipad mini will be out in time for christmas and they will have a better high de-def displ. and it's 82 billion dollars overseas, more than any other american company. they do
and the economy improved, the obama white house struggles to maintain order domestically and, yes, even abroad. russia today allowed america's most wanted man, and as a liquor edwards snowden to leave the moscow airport after granting him a one-year temporary asylum. the move that embarrassing blow to the obama administration was as -- which has charged him with espionage. today's signal that it could hurt relations with moscow. >> we are extremely disappointed that the russian government would take this step despite our very clear and lawful requests in public and private to have mr. snowden expelled to the united states to face the charges against him. this move by the russian government undermines the longstanding record of law enforcement cooperation. lou: the white house says it is now evaluating whether to proceed with a planned summit in moscow scheduled for next month. on capitol hill silence from those who have called snowdon a hero. there was strong bipartisan combination. here is senator chuck schumer. >> russia has stabbed us in the back, and each day that snowden is allowed to roa
president obama first call for the syrian president to go to although today white house officials declared the objective of any possible military action is not to drive the dictator from power. >> what we are considering -- considering is not about regime change responding to clear violation of the international standard that prohibits the use of chemical weapons. >> leading republicans to demand what the mission is. >> i hope it is not putting in some cruise missiles. he interoffice railing against the unilateralism against bush and cheney as the boston globe gave written questions one focused if the president could call my rig without authorization from congress. senator obama said the president does not have power under the constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation. >> candidate obama said in actual or imminent threat. do believe that exist right now to the united states? >> i believe absolutely allowing the use of chemical weapons on a significant scale to take place, without a respo
des plated. . >> well, despite what president obama has said, al qaeda is not decimated. it's back, if it ever went away and strong enough that the state department is issuing a travel ban and closing all u.s. embassies in the muslim world because of a real and credible terror threat. now, 162,000 jobs added in july here in the usa. the soft, disappointing number with part-timers beating full-timers confirms what we already know about the economy. it's still only 2%, but stocks liked it. we may be talking about a downsized mini goldilocks. my full take on the jobs report and the market and what it means for the fed later on in the show. and the war of words between chris christie and rand paul is heating up. is the future of the republican party at stake here? our free market friday panel will have all those stories and much more coming up in "the kudlow report" beginning right now. >>> good evening, everyone. welcome back to "ed kudlow report." i'm larry kudlow. the u.s. is on high alert over the threat of an al qaeda terror attack in the northeast or north africa starting this we
to the american people. >> the white house says it's considering whether president obama should meet one on one with president putin at the g 20 summit in russia this year. lawmakers from both political parties want even tougher action than that, more on that part of the story coming up. first to the fox report correspondent jonathan hunt in the "america's newsroom." what is next for edward snowden. >> now is he literally free to move about the country of russia as a refugee as russia has now officially labeled him. is he entitled to government housing, he might also get a hotel room and rent an apartment according to his lawyer who said today, quote: he now is one of the most sought after men in the world. the issue of security is very important to him: snowden himself in a statement thanking the russian government and said over the past 8 weeks we have seen the obama administration show no respect for international or domestic law but in the end, the law is winning. so, for now, harris, edward snowden's home is somewhat ironically a country not exactly known as a paragon of individual libert
in 16 countries across the middle east and all ordered closed by the obama administration. the obama foreign policy effectively closed for business in the middle east. citing threats from the terrorist groups that the president once declared to be on the run repeatedly during his campaign for reelection. the obama administration ordered the closing of those 19 embassies and consulates throughout the middle east for at least the rest of the week. and that is based on what lawmakers and administration sources are calling increased on-line chatter amongst al qaeda and it al qaeda affiliated groups. fox news confirming tonight that enter subject conversations between al qaeda had and his counterpart in yemen led to these closures. thanks to the president's spokesperson, those terrorist groups now know the administration's timetable for reopeeing the closed outposts. >> our current affirmation suggests that al qaeda and affiliated organizations continue to plan terrorist attacks in the region and beyond . and our information suggests that they may focus efforts to conduct attacks between
missiles. >> obama orders a report justifying a strike as assad tell s america, you will fail. >>> also, yosemite tinderbox. firefighters replace tourists as thousands race to save an american treasure. >> oh, my god. >> this morning, condition critical. new concerns for the largest trees on earth, california's beautiful sequoias. have they met their match? >>> plus, extreme heat shutting down schools in the midwest. temperatures soaring well above 100. >> it's just really hot, and it's just hard because we're sweating and stuff like that. >> classes cancelled, practice postponed. relief not coming at least until the weekend. you're live in the "cnn newsroom." >>> good morning, thank you so much for being with me. i'm carol costello. we begin in syria and late developments on the possibility of u.s. military strikes. just minutes ago, we learned that defense secretary chuck hagel told the bbc the united states is ready to go if president obama orders an attack on syria. and that's not the only new development. within the last hour, we've learned of a u.s. intelligence report that's abou
attacks near damascus last week. obama said the u.s. had not yet decided whether to go ahead with military intervention. the permanent members of the un security council have held talks on a british resolution that could allow military action in syria, but that meeting has ended in deadlock. full report later on in the program. thousands gathered in washington to pay tribute to a historical day for civil rights in the u.s. 50 years ago, in 1960 three, the march on washington and martin luther king junior's iconic "i have a dream" speech changed history forever. i will be back in 30 minutes for more. now back to michelle in new york. >> thanks. despite the situation in syria, u.s. stock markets advanced today comer singh -- reversing two straight sessions of losses. the dow and nasdaq rose 0.4%. the s&p 500 gained 0.3%. we had a big syria fueled selloff yesterday. some traders saw this as a buying opportunity and jumped into the market. still believing the u.s. equity market will rain resilient or the lesser of all evils, the best place to invest. big gains in the energy sector as well as e
and a president who acts like a king. i'm charles payne in for stuart and this is the big story. call it obama 2.0. the latest example, higher taxes on your cell phone bill to pay for internet and schools. according to a new poll, the president's policies aren't working and we're going to have numbers for you in a minute. to the markets down again, talking about a triple digit move after the open to the down side and where are the short sellers putting their bets right now? we're going to tell you. and we know where a lot of obama money is going to planned parenthood. and the organization's d.c. branch helping the youth, and the new law. we want to know how you feel about that. "varney & company" about to begin. make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start usi active trader pro today. a quarter million tweeters is beare tweeting. and 900 million dollars are changing han online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs
secretary jack lew on cnbc this morning said president obama will not negotiate over the debt ceiling bill and now it looks like a battle royal is brewing in washington, d.c. these stories and many more coming up in "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." in a major developing story, nbc news is reporting a strike against syria could come as early as thursday. aids say president obama and no longer questions if the syrian government used chemical weapons. the questions are what will the u.s. do and with who's help. nbc's richard engel joins us now from the turkey/syria border with all the latest details. good evening, richard. >> reporter: larry, syria is showing no signs by being deterred of all of this talk of military action. in fact, just yesterday there was another attack that rebels say used chemical agents. a white phosphorous attack that doctors say killed at least 12 people. white phosphorous technically isn't a chemical weapon, but it is illegal if it's used to kill people. it's a burning agent, a burning
tonight on "nightly business report" for tuesday, august 6th. >>> good evening everyone. president obama taking aim today at boosting homeownership by proposing an overhaul of the massive mortgage market. his targets, long-term political hot potatoes. diana olick joins us from washington with more on what all this might mean. >> reporter: suzy, it should come as no surprise mortgage is front and center, as interest rates are rising, credit is the last barrier to full housing recovery. >> our housing market is beginning to heal. >> reporter: president obama returned to arizona, one of the hardest hit states in the housing crash four years after using this dessert backdrop. >> we got to turn the badpage o the bubble and bust. we need a housing system durable and fair and rewards responsibility for generations to come. >> reporter: it's reforming the nation's 10 trillion dollar mortgage market making it easier for home buyers and putting capital at the center of housing finance ask pulling government out. that means a gradual wind down of giants fannie mae and freddy mac, which together wit
this administration is going to cave to the recent union demands for obama care changes? he's coming up, top of the hour. a big question on obama care. two people on this show this week said, we're going to have a double dip in the real estate market. team investment's tonya is with us from phoenix. you don't believe that and don't see a dip in the real estate market. but do you see a pause where prices stop going up? >> i see steadying. here are the facts when it comes to the real estate market. prices are still 23% off the peak from 2006. pending home sales, although they were down this month, are up 6.7% from last year. when you look at these facts. credit is it loosening. and that's going to bring the regional banks back to life where first time home buyers can get back in. it's still more expensive to rent than to buy. there is not going to be a double-dip recession and we have a lot of products that haven't hit the market that needs to. this is a stable real estate market and these bumps, not head wind that we're seeing, are good because it means there's checks and balances. stuart: i'
than president obama has acknowledged thus far, but the official line is mistakes happen. wendell goler is with the president tonight. >> reporter: with the president on family vacation in new england, his aides referred reporters to the national security agency, where officials said their mistakes reflect a tiny fraction of their operations and all are taken seriously. the director of compliance said, quote, we keep our overseers informed through immediate reporting and periodic reporting, and yet the agency failed to report a 2008 order to track phone calls from egypt, international code 20, that wound up tracking calls from washington, d.c. when the computer read area code 202. >> it was an innocent mistake. but it demonstrates the ease with which the nsa by the push of a button, whether deliberate or accidental, can get large volumes of u.s. communications. >> reporter: "the washington post" reporter that broke the story says the internal nsa audit leaked to him by edward snowden contains more information than is provided to congressional oversite committees. dianne feinstein said i
, regulations running rampant. president obama using regulations as the strong arm for is a ministration. the amount of regulatory rules finalized in his first term lag behind that of president george w. bush's first term with nearly 12% fewer rules. president obama's rahman comes with a heavy price tag. 186 of his roles finalize his first term were deemed economically significant. that means that each rules annual economic impact is more than $100 million. the cost which blows the '81 economically significant roles in of the water. with more on this, editorial board member of the wall street journal. thank you for being with this. the count the shows the presence of oz first term had fewer regulations. it's askew. there are time coming up that just aren't quite final. >> that's exactly right. those to make a loss to the amount of regulatory burden, you're talking about thousands or perhaps even tens of thousands of new pages of regulations. those are the big when it comes to new regulations, let's not forget, the climate change agenda, the apa. this is the fact that will be defined not
in her assessment that syria had already crossed that red line and that the obama administration has responded until a few moments later when she offered up this blatant contradiction. >> we still believe that they don'tthave the capability to use chemical weapons. that has not changed. again, we're looking into the facts on the ground. there is no reason if there is nothing to hide for the regime not to let the investigative team and. lou: what is going on? the state department does not seem to know either way. thankfully president obama announced after that he has directed intelligence agencies to find out what is happened again. administration sources on the president's confirmed his directive to the intelligence community to investigate claims. the president making stops today at the state university of buffalo and in a high-school in syracuse. both and upstate new york. what his administration has billed as a fun and informative college bus tour, highlighting his new plan to tie federal student aid to federal assessments of college performance, trying to tie it all into yet anot
officials say once they get the order they could be ready to go within hours but while obama administration officials continue to verbally hammer bashar al assad we're still waiting to get the hard evidence that he's responsible. the latest warning to syria comes directly from the white house. >> those who use chemical weapons against defenseless men, women and children, should and must be held accountable. >> reporter: another sign to expect action, u.s. officials all but telling u.n. inspectors, get out of the way. >> and it's clear the security situation isn't safe for the team in syria. >> reporter: the defense secretary told the bbc u.s. ships are positioned, preparations complete. >> we are ready to go. >> reporter: and a defense official tells cnn if the president chooses the most limited option, it could be over in two to three days. cruise missiles could target syria's weapons launchers and command and control facilities, but that's it. >> the options we are considering are not about regime change. >> reporter: and this some say could backfire on the white house. >> it may give bas
's release has u.s. officials weighing whether to cancel president obama's planned summit with putin next month. >> we will obviously be in contact with russian authorities, expressing our extreme disappointment in this decision and making the case clearly that there is absolute legal justification for mr. snowden to be returned to the united states where he is under indictment on three charges felony charges. >> brown: meanwhile, the president met privately with a bipartisan group of house and senate lawmakers to address concerns about the n.s.a.'s surveillance programs. back in russia, snowden now has a grant of asylum for at least a year. that can be extended indefinitely, and he even has the right to seek russian citizenship. a short time ago i spoke to paul sonne of the "wall street journal" in moscow. paul, thanks for joining us. how much of a surprise was this in moscow? >> i wasn't a particular surprise. there was a lot of writing on the wall here that the kremlin was going to make this decision and the real question is why was the kremlin predisposed to granting edward snowden a
, friendmys forever. oh, yeah. tough times for president obama and russian president vladimir putin thanks to the edward snowden dustup. [ male announcer ] here's a word you should keep in mind. unbiased. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds, and not one of them has our name on it. we're in the business of finding the right investments for you. e-trade. less for us. more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. for a current prospectus, visit etrade.com/mutualfunds. f-f-f-f-f-f-f. lac-lac-lac. he's an actor who's known for his voice. but his accident took that away. thankfully, he's got aflac. they're gonna give him cash to help pay his bills so he can just focus on getting better. we're taking it one day at a time. one day at a time.
. don't we love him for it? thank you so much. no pow wow with putin. president obama has yet to sit down with the president while attending the g20 summit in the country. a california city testing a fix for underwater mortgages, imminent domain. you can't make it up. it's a battle royale with the banks landing in court. medical information exposed. the rush to implement obamacare put sensitive records at risk. see it to believe it. the manning brothers rapping their way through a new commercial for direct tv. literally rapping. ridiculous. we'll show it to you anyway. all that and so much more this hour on "markets now." ♪ >> stocks down, worrying about a pull back from the federal reserve. is this what the month will be like? adam, answer me that. >> there's been a lot of people who have been talking about a four to 8% pull back, a correction. who is winning and losing? the s&p down ten points, dow down 70 points, but leading the charge on the dow, at least some to the positive. united technologies, chevron, merck, they are up now, but the big losers on the dow this morning, disn
the british parliament vote really leave the u.s., do you think, and president obama? >> really it leaves the u.s. in a tight spot. president obama has to make this a clear decision about foreign policy. this is no longer just about chemical weapons being used in syria. this is now about basically iran and the broader region. we have iran influencing everything happening in syria at this point, the fallout there being in lebanon, in turkey. we also have the threat of a nuclear weapons program in iran. if president obama were to look weak on iran, what that means is inevitably there would be questions about his foreign policy. in politics, you can make and break promises every day but on foreign policy you want to stay strong. some are pushing back on the president, asking for more evidence month, time. congress is out of session now. who knows how long that kind of delay would setback any kind of missile action, missile strike. >> unlike the british parliament which makes fairly binding on the government, the president of the united states is commander in chief, can do what he likes and s
granted him an asylum for just one year. that means he can live and work there. meanwhile, president obama, because more and more members of congress are concerned over the extent of nsa's spying on us, as we vealed by edward snowden, president obama convened a meeting of republicans to discuss how we can get the proper balance between national security and our right of privacy. and you can look for some legislation which will restrict nsa's spying. we'll tell you all about it right here on current tv. iq will go way up. (vo) current tv gets the conversation started weekdays at 9 eastern. >> i'm a slutty bob hope. the troops love me. tv and radio talk show host stephanie miller rounds out current's morning news block. you're welcome current tv audience for the visual candy. (vo) sharp tongue. >>excuse me? (vo) quick wit. >> and yes, president obama does smell like cookies and freedom. (vo) and above all, opinion and attitude. >> really?! this is the kind of stuff they say about something they just pulled freshly from their [bleep]. >> you know what those people are like. >> what could pos
at the stores that were robbed and how there may be a connection. >> president obama on the move. where he's headed this morning and the proposals he's pushing to make college more affordable. >> good morning. right now traffic is doing pretty well in many areas. we have trouble spots. san mateo bridge slow now getting out to the span. more about that coming up. >> we have plenty of low clouds in place and a cooler pattern. almost good-bye to the thunderstorms. the rim fire is really taking a turn for the worst. [ female announcer ] jump-start your day with mcdonald's dollar menu at breakfast. home of the irresistible sausage burrito. ♪ and freshly brewed premium roast coffee you love. plus other amazing tastes for just a dollar each. ♪ every day, as always, there's a lot to love for a little on mcdonald's dollar menu. ♪ >>> time now 7:13. we have breaking news. a shooting violence happening in san francisco. brian flores is on the situation right now. this just happened a short while ago. what happened out there in san francisco? >> reporter: we're still learning to piece that toget
members. we will talk about all of the latest developments on benghazi along with a long list of obama administration foreign-policy failures, talking with three of the best in the business, congressman james langford of oklahoma, memr of the oversight committee that is now investigating many of the obama's channels. retired four-star general former army vice chief of staff and retired lieutenant colonel and fox news military analyst. they're unie perspectives a investigation goes.ghazi republicans on capitol hill are still pressing for the truth about what happened at our consulate in benghazi on september 11th. the house armed services bcommittee held a classified briefing with colonel george bristol today. he served as commander of a task rce that operated in northern and western africa at the time of benghazi. fox news chief congressional correspondent mike emanu-el has the report. >> reporter: almost 11 months after the deadly terror attack another revelation of the journalists connecting a two-hour interview was one of the lead suspects will the fbi has not has lawmakers demandin
is medicaid, medicare, social security entitlements. now we're getting ready to throw obama care on top of that. do you really believe that any of these agencies aren't going to say you are no longer a risk-free borrower? as a matter of fact, we came off that list when we went from aaa to aa-plus. we are no longer a risk-free borrower anymore, neil. my question is, why aren't we doing something about it? >> so you're angry at speaker boehner for kind of just going along the limp along here? >> well, boehner's going to have to make a choice here, neil. he's going to have to say, look, i don't care if i lose my speakership or if i lose my job as a congressman. i'm going to have to tell the american people we have to make these cuts. we've got to hold the line. this whole nonsense about the default, the only way that would happen is if treasury secretary luo wanted default. we pay our bills, we still get along, but we're going to have to deal with entitlements. neil, we can't kick the can any further down the road. >> it's amazing. craig, thank you very much. our chairman craig smith in ph
the question we must all be asking is what will we do? let me emphasize, president obama, we in the united states, we believe in the united nations and we have great respect for the brave inspectors who in toward regime, gunfire and obstructions to their investigation, but as the secretary general has said again and again, the u.n. investigation will not affirm who use these chemical weapons. that is not the mandate of the u.n. investigation. they will only of term whether such weapons were used. by the definition of their own mandate, the un can't tell us anything that we haven't shared with you this afternoon or that we don't already know. and because of the guaranteed russian obstructionism of any action through the urine -- the un security council the un cannot galvanize the world to act as it should. so let me be clear, we will continue talking to the congress, talking to our allies and most importantly talking to the american people. president obama will ensure that the united states of america makes our own decisions on our own time line is based on our values and our interests. we
] lasting freshness. >> let's kick off the show with breaking news. the ap reports that president obama is canceling his meeting with russian president putin over tensions because of the nsa leaker edward snowden. russia granted snowden one year temporary asylum last week. we didn't like it, the meeting off. let's get the policy, president obama's plan to keep the hougs recovery going, here it is, winding down the role of fannie and freddie and give private banks a bigger role in lending. he wants more loans for credit buyers and exert more control over the bank telling them what to do. if things go wrong, the taxpayer will still have to back the housing industry. social engineering like we had ten years ago, yes, say the critics. others support it. but remember this, do you remember this from a few weeks back, the government is using census data for a fair housing rule. they're making a racial map of every neighborhood in america, grabbing demographic data to make sure there is no inequality. special engineering and housing back at the top of the president's agenda. let's get to the ma
for the market. i think obama made a big mistake drawing a line in the sand. you're talking about the israelis, they will not draw a line in the sand. we will not wait for a way to tell us to go. cheryl: the spread on the brent contract has been fascinating to watch. >> we are a lot more self-sufficient than we have been in years, so w the contract will react more violently to the strike when it happens than we will. the contract really has a lot more room to the upside to run than we do. cheryl: is it just a couple of sessions before they follow or are they still in lockstep? >> i think you will see the spread of out on this. you will see it move quickly to the upside, we will follow it higher but not with the same philosophy. cheryl: i want to thank all of you. high volatility, but that is never boring for anybody. appreciate it. two luxury retailers on the move today after strong second quarters. let's go to lauren simonetti. and very shiny, very pretty blue box. lauren: tiffany is struggling a little bit now, but this is a clear winner, and it has been all day. there is the stock up more t
additional days. another official told cnn the obama administration is monitoring threats against the american embassy in yemen. the move came on the same day president obama met with the president of wremen who has cracked down on al qaeda. >> what we've seen is al qaeda in the peninsula or aqap move back territories it controlled. sfroo barbara starr, cnn, the pentagon. >> the american consulate in jerusalem were among the diplomatic posts shut down last sunday. that's where cnn's vladimir is standing by. what's the latest? >> reporter: hey, john. well, even as we were setting up for this shot, official from the u.s. consulate right behind me here asked what we were doing and then proceeded to tell us that they are on heightened alert, that they have just this morning themselves security officials outside of the u.s. consulate received a warning that there are credible threats across all embassies in the middle east. in addition to that, we know that today is -- millions in iran and across the muslim world have been called on by the iranian foreign ministry to protest the palest
and information to prepare. president obama does not need the approval of congress to strike. he may want to consult congress. president does not need to go to congress and less he really wants a declaration of war or it will be a prolonged military operation. connell: they basically tipped their hands and some ways but what they want to do in syria. what does that tell you about the goals and what does it tell you about what it would like to accomplish? >> it tells us this is more about pageantry. we are not seeing a real strategy, not a military strategy, not even an object this. which fashion do we want to prevail in syria? it seems like the obama administration has gotten tired of the chorus. connell: it brings us to another point. what are the ramifications of that action? we talk about the economy and how it affects the financial market. israel certainly is concerned. is there this element of cyber warfare? you basically called it saying this army would either retaliate or get out ahead of it. will we see more of this? >> i would expect to see that. assad has a tremendously capable
secretary kerry talk. let me give you key point from president obama. i think this is the key statement he made. he has not made a final decision on actions that will be taken. that was, again, on remarks he made just a few moments ago. take a look at dow jones industrial average. there wasn't a lot of reaction there but that's because a lot of the stance he said was in secretary kerry's remark he had made in the final hour just before him. you see the dow fluttering around and that's because of what secretary kerry said. secretary kerry's speech was aggressive and restrainerestrai. he comes out agrss ive saying u.n. cannot gavel niz the world to act. then towards the end of his speech he becomes a little more, shall we say, restrained. the mal market rallies as he says the response from the u.s. will be limited and tailored, it will not involve any boots on the ground and the primary objective is to have a diplomatic process. which is what a lot of people are hoping for. interestingly today we have seen the markets hit the most act a little better. i'm talking about emerging markets which
president obama's key statement here today because the president and secretary of state john kerry also spoke today. president obama came out and said, we have not made a final decision on actions that will be taken. that's the key point here. he also made it clear that it will not involve -- any action taken will not involve any boots on the ground. i think that's the major headline you'll see in the newspaper tomorrow. when secretary kerry started speaking around 1:00, a speech very aggressive and very restrained at the same time, markets fluttered around, drooped going to the close and then rally just in the last few seconds. take a look at the markets intraday here. i would say concern but no panic that was going on today. importantly, we generally had very low volume once again. light volume. volatility, the vix is up, two-month high. not dramatically elevated. the worry, protracted conflict, that we cannot get a short, surgical strike in at this point. overall, this is the last drading day of the summer. actually, it's not been a very bad summer. it's funny to look at the summer f
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